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Tag Archives: Dodd-Frank Act

American Bankers Association: Compliance costs crushing community banks

The American Bankers Association warned a House financial  services subcommittee Thursday that the cumulative impact of years of added regulations has pushed the nation’s community banks to the tipping point. ABA representatives specially cited dramatically increasing compliance costs – estimated at $50 billion annually — and said they threaten the future of community banks. William B. Grant, chairman and chief ...

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Chief adviser for new finance bureau wants to get tough on faulty foreclosures

By Ted Carter A strong and functioning consumer financial protection bureau as envisioned by the Dodd-Frank banking reform law could have prevented the current mortgage foreclosure fiasco, says Elizabeth Warren, a Harvard University law school professor appointed by President Obama to oversee development of the new Consumer Financial Protection Bureau. Writing in a Miami Herald op-ed, Warren blamed the spread ...

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